Astronics Corp.

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Debt Financing / Related, Other Pre-Announcement

Astronics To Receive $24 Million In Cash From Combination Of AMJP And Asset Sale

Published: 10/14/2021 20:50 GMT
Astronics Corp. (ATRO) - Astronics to Receive $24 Million in Cash From Combination of Amjp and Asset Sale.
Astronics - Entered Agreement With U.S. Department of Transportation Under Aviation Manufacturing Jobs Protection Program, for Grant of Up to $14.7 Million.
Astronics Corp - Received First Installment of $7.3 Million Under Grant in September.
Astronics Corp - Expects to Receive a Second Installment in Range of $5 Million to $6 Million During Q4 of 2021.
Astronics Corp - Contribution to Gross Profit by Quarter is Expected to Be $1.1 Million in Q3 of 2021, $7.3 Million in Q4 of 2021 and $6.2 Million in Q1 of 2022.